IRA Accounts Solid assistance for your financial future
BUILD A SECURE FUTURE
WITH IRA ACCOUNTS
Choose from Traditional, Roth, or Coverdell Educational Savings Account (ESA) Certificates, each designed to enhance your savings with powerful features.
Flexible Options, Robust Growth
Our IRA accounts offer fixed terms of 12, 24, and 36 months, providing a dependable way to grow your savings. With a minimum opening deposit of just $1,000, you can secure your financial future while earning competitive dividend rates.
Empowering Your Educational Goals
Invest in your children’s education and your retirement with our Coverdell ESA Certificates, allowing contributions of up to $2,000 per year. While contributions are not tax deductible, earnings can be tax-free when used for qualified education expenses.
IRA ACCOUNT TYPES
Traditional IRA
Traditional IRA earnings are tax-deferred. This means you won’t pay taxes on them until you withdraw the money. You might also be eligible for a tax deduction when you contribute.
Roth IRA
The key advantage of a Roth IRA is that earnings are tax-free upon withdrawal. To further minimize your tax burden, discuss “qualified distributions” with your tax advisor to enhance your tax-free earnings.
Coverdell ESA Certificates
This educational savings vehicle for children allows contributions of up to $2,000 per year. While ESA contributions are not tax deductible, if used for qualified education expenses, the earnings can be tax-free. ESA accounts are applicable for elementary, secondary, or higher education expenses.
IRA CERTIFICATE RATES
| ACCOUNT NAME | MINIMUM OPENING / EARN APY | DIVIDEND RATE* | ANNUAL PERCENTAGE YIELD (APY) |
|---|---|---|---|
| 12 Months Traditional/Roth/Coverdell IRA Certificate | $1,000 / $1,000 | 0.797% | 0.80% |
| 24 Months Traditional/Roth/Coverdell IRA Certificate | $1,000 / $1,000 | 1.144% | 1.15% |
| 36 Months Traditional/Roth/Coverdell IRA Certificate | $1,000 / $1,000 | 1.500% | 1.51% |
See your Valley Strong Truth-In-Savings Disclosure for the dividend compounding method, early withdrawal penalties, and general terms and conditions. There is a 10-day grace period after maturity to make changes/withdrawals with no penalty. Rates effective as of 10/1/2024. All rates, terms, and conditions are subject to change.
GET STARTED WITH A
AN IRA ACCOUNT
Secure your financial future with our IRA accounts, designed to provide flexibility and growth for your savings.
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